Paytm invests in AI and Big Data based online healthcare startup QorQl to boost its business

India’s leading digital payments and commerce platform, Paytm has invested an undisclosed amount on the Noida-based online healthcare startup QorQl, which was started in 2014. It currently offers its solutions in Delhi NCR and Aligarh, and has plans of expanding into several Tier II markets across India.

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With a customer base of more than 60,000, QorQl uses artificial intelligence and big data to improve the productivity of doctors, while also helping the patients to manage their health and existing ailments better. The company’s Qcare solution gives doctors an access to patient’s health and clinical data, hence ensuring better health care services.

Sanjay Singh, founder and CEO of the company has been previously associated with Paytm’s parent One97 Communications, for about two years, and with his current venture he plans to take the healthcare industry in India to an altogether new height. The platform is already being used by over 100 doctors to offer the services to the consumers.

In a country like India where there is a shortage of information on consumers and healthcare professionals, the platform by QorQl come as fresh breath of air as a data collection point and helping in improving the overall care process with AI and advanced analytics. Sudhanshu Gupta, VP, Paytm, was reportedly quoted as saying “QorQl’s consumer offerings will be integrated on Paytm’s platform so that it can reach a wider range of users.”

Sanjay Singh sees the funding as a way to pursue his vision to democratize healthcare access by connecting healthcare applications leveraging AI and big data to collect, integrate and interpret data for all users. It would be a great move towards keeping the user’s healthy.

QorQl sees this as an opportunity to endorse their technology and product vision, and to market their solutions quicker and on a higher scale.

Paytm has been instrumental in backing up a lot of startups recently, logistics analytics startup LogiNext, being their latest venture, where Paytm invested $10 mn in the company. Paytm has planned up to invest $150 million in Indian tech start-ups over the next few months.

Srishti currently works as Sr. Content Strategist for Analytics India Magazine. When not covering the analytics news, editing and writing articles, she could be found reading or capturing thoughts into pictures.